Ungated Post | 11 Dec 2018

The impact of a ‘no-deal’ Brexit on travel and tourism

A “no-deal” Brexit would cause a 5% drop in UK outbound travel and tourism trips in 2020, because of the stifled economic backdrop and impact of a weaker pound. Ireland and Spain would be the hardest hit from fewer UK visitors. In contrast, the weaker pound could mean that UK tourism inflows are 4% higher in a “no-deal” scenario, provided there is no travel disruption. But lower levels of domestic tourism mean that we would expect UK travel and tourism GDP to be 2% lower than our baseline forecast in 2020.

Read the full report.

Our consulting team at Tourism Economics are the world’s leading analysts of the global tourism and travel sector. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients. Lead consultants on the project were:

Oxford Economics’ team are experts at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues. To find out more about our capabilities, contact:

To find out more about our capabilities, contact:

EMEA
David Goodger
+44 (0)1865 268 928
Email

Americas
John Levis
+1 (646) 503 3068
Email

Asia
Adam Sacks
+1 (610) 995 9401
Email

Related Services

Post

The economic impact of abandoning the WTO

Oxford Economics have been commissioned by the International Chamber of Commerce (ICC) to provide an independent assessment of the economic impact of WTO dissolution. This report details our findings and the assumptions underpinning our analysis.

Find Out More

Post

The economic impact of the sports activities of public service media

This study shows how the sports activities of public service media supported €4.5 billion of GDP and 57,000 jobs across 31 European countries in 2022, taking direct, indirect (supply chain), and induced (wage-funded expenditure) impacts into account. The report also highlights wider economic benefits of public service media sports coverage, such as the way in which it leverages sponsorship income for sports bodies.

Find Out More

Post

Global Trade Education: The role of private philanthropy

Global trade can amplify economic development and poverty alleviation. Capable leaders are required to put in place enabling conditions for trade, but currently these skills are underprovided in developing countries. For philanthropists, investing in trade leadership talent through graduate-level scholarships is an opportunity to make meaningful contributions that can multiply and sustain global economic development.

Find Out More